Top Bitcoin Miner Explains Implications Of China’s New Policies Against This Sector

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China is set to clarify its new policy for the Bitcoin mining sector in the coming weeks. For the first time, a high-ranking Chinese government official has spoken about a change in the status quo that rules this BTC mining. Jiang Zhuoer, founder of BTC.TOP, one of the world’s largest crypto mining operations, shared some thoughts on the potential implications for the sector. Zhuoer believes the new measures are “not as serious” as the world thinks they are and added the following: According to the minutes of “China Financial Stability Board”: We resolutely prevent and control financial risk…. we shall crack down #Bitcoin mining and crypto trading activities in order to prevent individual risks from being spread to the social level. Therefore, Zhuoer stated that individual mining will continue existing for now and possibly in the future. The medium and industrial size operations could take the worst deal. As Bitcoinist…

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